Stride Gaming revenue capacity impacted by ‘regulatory changes’

first_img Rank clears UKGC hurdle in takeover of Stride Gaming September 23, 2019 Submit StumbleUpon Share Rank pleased with Grosvenor progress as critical Stride integration begins October 15, 2019 Related Articles Rank finalises Stride Gaming takeover October 4, 2019 Share The governance of London AIM-listed Stride Gaming has this morning disclosed that corporate net-gaming revenues for the ‘six-month period up to 28 February’ will be 5% lower than expected.Updating investors, Stride governance details that the firm’s revenue capacity has been disrupted by ‘fiscal and regulatory changes implemented in the second half of the calendar year 2018.’In its update, Stride governance states that the business has now undertaken the necessary adjustments to absorb the regulatory impacts. Furthermore, moving forward Stride will target catering more ‘mass market’ recreational players across its bingo and casino properties.In a further, notice Stride confirms that it has increased its technology and marketing investment in Passion Gaming, in which it holds a 51% share, and now expects to report incremental costs of £400,000.Eitan Boyd, Chief Executive of Stride Gaming, said: “In common with the rest of the industry, the period to end of February 2019 proved to be unusually busy for the group.“Trading was testing as we adjusted to the new paradigm of the UK’s current fiscal and regulatory environment, however, we continue to invest in our proprietary technology, product offering and content which provides us with a strong foundation from which to adapt to these changes,” he said.“We are now well advanced with our review of strategic options to maximise value for shareholders. We will make a future announcement when appropriate.”Those ‘strategic options’ are rumoured to include the possibility of selling Stride.last_img read more

Redemption Hospital’s Chief Administrator Arrested in London

first_imgTobias Bowen, a 47-year-old Liberian and Chief Administrator of the Redemption Hospital in New Kru Town, who was charged in 2010 with allegedly raping a child in western New York, has been captured in Britain.The Onondaga County, New York sheriff’s office says Tobias Bowen had been spending his time leading Liberia’s Redemption Hospital and was taken into custody after getting off a plane Saturday at a London airport.Officials say Bowen was charged with rape and criminal sex acts in March 2010, when he lived in the Syracuse, New York suburb of Liverpool.After his $10,000 bail was posted, Bowen fled to Liberia, and subsequently became Chief Administrator of Redemption Hospital, in one of Liberia slum communities.After Bowen disappeared, sheriff’s detectives assigned to the U.S. Marshals Fugitive Task Force were able to track his travels to Liberia and the United Kingdom.It wasn’t long before his seedy past caught up with him and a local newspaper reported in August 2011 that Bowen was a ‘fugitive from justice.’The article said Bowen was wanted for having alleged sexual contacts with two children. A local newspaper had published the Onondaga County Sheriff’s Office warrant with Bowen’s photo; yet he continued to run the hospital.With help from the U.S. Marshals International Investigations Branch, investigators found out that Bowen was landing in London on Saturday, where he was apprehended when he got off the plane.Detectives teamed up with the Department of State, Department of Justice’s Office of International Affairs and the Onondaga County District Attorney’s Office to make their move.Bowen is awaiting extradition back to the United States where the Sheriff’s office says he will face several felony related sex offense charges and an endangering the welfare of a child charge.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more